Michael Peregrine was quoted on February 13 in the Wall Street Journal in an article regarding a report issued by the Internal Revenue Service claiming that a small amount of nonprofit hospitals provide the most charity care and that the same nonprofit hospitals are overcompensating their top executives. "For the hospital sector, it's really unfortunate, the timing of this report, because this gets dropped into a real toxic environment," commented Mr. Peregrine. He continued, "You've got people really upset about government subsidies to organizations." Mr. Peregrine noted that many consider tax exemptions a form of subsidy.